Business
Canada’s housing market to see listings fall in first quarter, before rebounding: TD
By The Canadian Press on February 9th, 2023
TORONTO – A new report says Canada’s housing market will see new listings fall in the first quarter before rebounding later in the year and then, slowing to a more modest growth pace in 2024. The report from Rishi Sondhi, an economist with TD Economics says subdued sales and declining prices will result in listings ... Read More »
1 responseWall Street opens higher, climbing back to gains for week
By Elaine Kurtenbach And Matt Ott, The Associated Press on February 9th, 2023
NEW YORK (AP) – Stocks are opening higher on Wall Street, pushing most major indexes back to gains for the week after a chopy few days of trading. The S&P 500 was up 0.6% in the early going Thursday, and the Nasdaq was up 0.9%. The Dow Jones Industrial Average rose 0.6%. Disney rose 5% ... Read More »
1 responseCameco reports $15M Q4 loss, revenue up more than 10 per cent from year ago
By The Canadian Press on February 9th, 2023
SASKATOON – Cameco Corp. reported a loss in its latest quarter as its revenue climbed more than 10 per cent compared with a year earlier. The uranium miner says its loss attributable to equity holders amounted to $15 million or four cents per share for the quarter ended Dec. 31 compared with a profit of ... Read More »
Be the first to comment!Thomson Reuters reports US$282M Q4 profit, raises dividend
By The Canadian Press on February 9th, 2023
TORONTO – Thomson Reuters Corp. raised its dividend as it reported a fourth-quarter profit of US$282 million compared with a loss of US$175 million in the same quarter a year earlier. The company, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of 49 cents per share, up from ... Read More »
Be the first to comment!Shopify launches new shopping, shipping tools in semi-annual product showcase
By Tara Deschamps, The Canadian Press on February 9th, 2023
TORONTO – Shopify Inc. announced more than 100 new product updates Thursday, including several aimed at helping retailers reach more customers, make checkout easier and better manage shipping. The updates were revealedthroughShopify Editions, the Ottawa e-commerce technology company’s semi-annual product showcase that replaced its yearly Unite conference, which was hosted in-person before the COVID-19 pandemic ... Read More »
Be the first to comment!Indigo investigating ongoing cybersecurity incident as its website remains offline
By The Canadian Press on February 9th, 2023
TORONTO – Indigo Books & Music Inc. is continuing to investigate what it calls a “cybersecurity incident” affecting its website and electronic payment systems in stores. The company says it’s working with third-party experts to investigate and resolve the situation and hopes to have its systems back online as soon as possible. In the meantime, ... Read More »
Be the first to comment!Applications for jobless aid rise last week, but remain low
By Matt Ott, The Associated Press on February 9th, 2023
More Americans filed for jobless benefits last week, but layoffs remain historically low despite attempts by the Federal Reserve to cool the economy, and hiring, to bring down inflation. Applications for jobless aid in the U.S. for the week ending Feb. 4 rose by 13,000 last week to 196,000, from 183,000 the previous week, the ... Read More »
Be the first to comment!Bombardier reports US$241M fourth-quarter profit, revenue up from year ago
By The Canadian Press on February 9th, 2023
MONTREAL – Bombardier says it earned a fourth-quarter profit of US$241 million, up from US$238 million in the same quarter last year. The aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$2.40 per diluted share for the quarter ended Dec. 31, up from US$2.34 per diluted share in the ... Read More »
Be the first to comment!Zelenskyy, in Brussels, urges EU to grant Ukraine membership
By Raf Casert And Samuel Petrequin, The Associated Press on February 9th, 2023
BRUSSELS (AP) – President Volodymyr Zelenskyy said Thursday that “a Ukraine that is winning” should become a European Union member, arguing the bloc wouldn’t be whole without his country being an integral part of the EU. Zelenskky made his comments during an address to the European Parliament on a rare trip outside Ukraine, which has ... Read More »
Be the first to comment!Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities
By Tara Deschamps, The Canadian Press on February 9th, 2023
Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. The Smiths Falls, Ont. cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over ... Read More »
Be the first to comment!Telus reports fourth-quarter profit down from year ago, revenue up
By The Canadian Press on February 9th, 2023
VANCOUVER – Telus Corp. reported its fourth-quarter profit fell compared with a year ago as its revenue climbed higher. The company says its net income attributable to common shares totalled $248 million or 17 cents per share for the quarter ended Dec. 31, down from $644 million or 47 cents per share a year earlier. ... Read More »
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